Latest Business News, Latest Share Market, Today's Business News Headline

Civil Aviation minister Praful Patel is seeking an additional Rs 2,000 crore from the government to bail-out loss making Air India during the 2011-12 financial year.

At the MCX counter, sugar for delivery in January-month contract shot up by Rs 184, or 5.44 per cent, to Rs 3,234 per quintal, with a business turnover of 297 lots.
Unitech said its directors at a meeting held on December 22, allotted 5,90,34,352 equity shares of Rs 2 each at a premium of Rs 48.75 per share to Harsil Projects.
This was announced by PHHL CMD R K Tyagi at a ceremony in Mumbai to launch sea-plane services between the Andaman & Nicobar Islands to promote tourism.
After the economic slowdown, the Indian auto market was flooded with as many as 78 new models launched during 2010, across all the segments.
Of the 127 segments covered by the survey, 22 have made it to the high growth category, showing 17.3 per cent expansion during April-December 2010-11.
Persistent dollar-selling by exporters and some banks in light of a firm trend in the domestic equity market mainly assisted the rupee's rise, a forex dealer said.
The wholesale price index-based inflation stood at 7.48 per cent in November against 8.58 per cent in October, while food inflation shot up to 12.13 per cent.
Analysts said a firming trend in Asian regions, which normally sets prices on the domestic front, further influenced the trading sentiment.

India stocks finished slightly lower on Monday, after trading in a tight range during the session. The Sensex finished 44 points lower at 20,028.

Under RBI guidelines, all banks will mandatorily decline any telephonic banking transactions where customers do not have a one-time password for such services.
The liqour manufacturer's shares opened at Rs 72 apiece on NSE, translating into a 12.5 per cent jump against the issue price of Rs 64 under the company's IPO.
The operators are desperate to buy more time because the stakes are high - the bulk SMS business in India is worth over Rs 250 crore annually.
This number may well cross the $7 billion-mark if some of the large ticket deals, which are currently in works, may get announced in the last week of December
Gold broke its five-days losing streak on Saturday in the national capital and rose by Rs 10 to Rs 20,700 per 10 grams on mild-buying by retailers.